2019-20 a strong Budget reflecting regional confidence
Council's 2019-20 Budget, adopted today, is economically sensible and sustainable but also funds important projects to enhance the liveability of our region.
“This is especially important as we need to cater for growth, given the return of business and investor confidence,’’ said Mayor Greg Williamson.
“The $311 million budget provides $116 million in capital works, reduces debt by $14.2 million and maintains current service levels,’’ he said.
“All of this will be achieved with a general rate rise of just 1.9 per cent and a two per cent increase in most fees and charges.”
A modest overall increase of between 1.9 and two per cent will be experienced by most ratepayers, which equates to about $1 week (excluding water consumption).
The non-PPR differential rate has now been removed completely, meaning residential property owners do not pay a higher rate for properties that aren’t their principal place of residence.
A promotional levy for City Centre property owners has also been reduced by 50 per cent.
The installation of solar across 21 assets is forecast to reduce council’s electricity bill by around half-a-million dollars in 2019-20.
“We’ve also been able to retain economic stimulus measures, such as the successful $1 million Invest Mackay Events and Conference Attraction Program,” Cr Williamson said.
“There’s $200,000 for Community Grants and an additional $300,000 for larger community projects through our Better Community Building Fund.